I think that systems that are based on employment are illogical and attempts to meet them create all sorts of unnecessary complexities. — Kenneth Arrow Copy Share Image
Venture capital has done much more, I think, to improve efficiency than anything. — Kenneth Arrow Copy Share Image
You will vote for first choice candidate whether or not you think he'll win. But I'm saying you may find yourself for… — Kenneth Arrow Copy Share Image
I am not really inclined to think there is any very effective regulation of the derivative securities markets that would be useful.… — Kenneth Arrow Copy Share Image
I think the idea that a society has to be responsible for all of its citizens, those who do well and those… — Kenneth Arrow Copy Share Image
I don't believe that unemployment is all voluntary, by anticipation of future wage movements or this sort of thing. I know you… — Kenneth Arrow Copy Share Image
The intrinsic social structure, the family structure and so forth, is certainly in a very bad state. And I think that this… — Kenneth Arrow Copy Share Image
There is a bit of a problem with the match between derivative securities markets and the primary markets. We have long ago… — Kenneth Arrow Copy Share Image
The general uncertainty about the prospects of medical treatment is socially handled by rigid entry requirements. These are designed to reduce the… — Kenneth Arrow Copy Share Image
I do sense, as compared with let's say the early '50s, there's somewhat more of a careerism. I don't think it's anything… — Kenneth Arrow Copy Share Image
I think one of the things we learned from the physicists and also the theoretical biologists is the idea that when you're… — Kenneth Arrow Copy Share Image
I think the development of the venture capital system has been an example of something which is a successful improvement in risk-bearing.… — Kenneth Arrow Copy Share Image
The rate of growth of the relevant population is much greater than the rate of growth in funds, though funds have gone… — Kenneth Arrow Copy Share Image
There's only one problem that bothers me. And that's something my theorem [ of Impossibility] really doesn't cover. In my theorem I… — Kenneth Arrow Copy Share Image
I think on the efficiency level, not only the distribution level, capitalism is a flawed system. It probably has the same virtues… — Kenneth Arrow Copy Share Image
The health care provisions are presumably for individuals. And whoever pays for them, whether it's paid by the individual, state, whatever, the value is… — Kenneth Arrow Copy Share Image
From the time I first understood economic principles, I was always concerned also that any system be operated on an efficient basis, which meant… — Kenneth Arrow Copy Share Image
Knowledge is a free good. The biggest cost in its transmission is not in the production or distribution of knowledge, but in its assimilation.… — Kenneth Arrow Copy Share Image
Family is a difficult matter. I must admit I do not know that the state can intervene successfully in a family. It's a fact… — Kenneth Arrow Copy Share Image
The MD is well aware that the forecasts are no good but he needs them for planning purposes ... — Kenneth Arrow Copy Share Image
The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears to me… — Kenneth Arrow Copy Share Image
One way of looking at Impossibility Theorem is that we proposed some criteria for what a good system should be: what is it you… — Kenneth Arrow Copy Share Image
In The United States, the only real change I know has been Instant Runoff, which is usually applied to municipal elections. I see no… — Kenneth Arrow Copy Share Image
I do sense, as compared with let's say the early '50s, there's somewhat more of a careerism. I don't think it's anything special to… — Kenneth Arrow Copy Share Image
The switch to the market in Eastern Europe, of course, has not exactly been one of the greatest advertisements for the market. There's no… — Kenneth Arrow Copy Share Image
I think the development of the venture capital system has been an example of something which is a successful improvement in risk-bearing. It doesn't… — Kenneth Arrow Copy Share Image
![“There's only one problem that bothers me. And that's something my theorem [ of Impossibility] really doesn't cover. In my theorem I was assuming people vote sincerely. The trouble with methods where you have three or four classes, I think if people vote sincerely they may well be very…” quote by Kenneth Arrow](https://sms4smile.com/quotes/img-quotes/151/kenneth-arrow-14948_assuming_there-s-only-one-problem-that-bothers-me_1913180.jpg){kind=icon}
